Katrina O’connell Sells 8,486 Shares of GAP (NYSE:GAP) Stock

The Gap, Inc. (NYSE:GAP) CFO Katrina O’connell sold 8,486 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $23.74, for a total transaction of $201,457.64. Following the transaction, the chief financial officer owned 11,503 shares of the company’s stock, valued at approximately $273,081.22. This represents a 42.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Katrina O’connell also recently made the following trade(s):

• On Tuesday, March 17th, Katrina O’connell sold 153,413 shares of GAP stock. The shares were sold at an average price of $23.85, for a total value of $3,658,900.05.
• On Monday, March 16th, Katrina O’connell sold 16,036 shares of GAP stock. The stock was sold at an average price of $23.74, for a total value of $380,694.64.

GAP Price Performance

Shares of GAP stock opened at $23.90 on Friday. The business has a fifty day simple moving average of $26.69 and a 200 day simple moving average of $25.06. The company has a market cap of $8.90 billion, a P/E ratio of 11.11, a P/E/G ratio of 1.39 and a beta of 2.29. The company has a quick ratio of 1.08, a current ratio of 1.75 and a debt-to-equity ratio of 0.39. The Gap, Inc. has a twelve month low of $16.99 and a twelve month high of $29.36.

GAP (NYSE:GAP) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). GAP had a net margin of 5.31% and a return on equity of 22.98%. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, sell-side analysts forecast that The Gap, Inc. will post 2.02 EPS for the current fiscal year.

GAP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 8th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.9%. This is a boost from GAP’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, April 8th. GAP’s dividend payout ratio (DPR) is currently 30.70%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GAP. Cullen Frost Bankers Inc. bought a new position in GAP in the fourth quarter worth approximately $26,000. Root Financial Partners LLC bought a new stake in shares of GAP during the third quarter valued at approximately $27,000. Plato Investment Management Ltd bought a new stake in shares of GAP during the fourth quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of GAP during the fourth quarter worth approximately $31,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of GAP in the 3rd quarter worth $35,000. 58.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GAP. Robert W. Baird set a $33.00 price objective on GAP and gave the company an “outperform” rating in a report on Wednesday, December 17th. UBS Group raised GAP from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $41.00 in a report on Wednesday, January 7th. Citigroup boosted their price target on GAP from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, March 6th. The Goldman Sachs Group upped their price objective on GAP from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Finally, Bank of America raised their price objective on shares of GAP from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.62.

About GAP

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand’s distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world’s largest apparel companies.